TDS: buy USD/CAD
USD/CAD rose in the past 3 days approaching resistance at 1.1173.
Analysts at TD Securities recommend buying USD/CAD as they think that the pair’s going to resume uptrend. The bank expects weaker data from Canada. This will have a negative impact on loonie ahead of the bank of Canada’s March meeting.
The specialists recommend buying USD/CAD at 1.1106 with target at 1.1600 and stop at 1.0950.
Chart. Daily USD/CAD